Pension fund is an example of what exactly? All countries have pension funds. This has nothing to do with Governments wasting money. Please go beyond tiny European countries that have very few verticals and are largely dependent on outside support for protecting their sovereignty. They are not representative of most of the World.

> As its name suggests, the Government Pension Fund Global is invested in international financial markets, so the risk is independent from the Norwegian economy. The fund is invested in 8,763 companies in 71 countries (as of 2024).

Basically what I said above. You give your tax dollars to Government and it will invest it into top 500 companies. In the Norway Pension Fund case it is 8,763 companies in 71 countries. None of them are startups/small businesses/creators.

> And stifling innovation is exactly what I want, when that innovation is “steal from everyone so we can invent the torment nexus” or whatever’s going on these days.

You are confusing current lack of laws regulating this space with innovation being evil. Innovation is not evil. The technology per se is not evil. Every innovation brings with it a set of challenges which requires us to think of new legislation. This has ALWAYS been the case for thousands of years of human innovation.